Core Announcement – Order Details
Awarding Entity: Commissioner of Geology and Mining, Government of Gujarat
Domestic/International Order: Domestic Entity
Nature of Order/Contract:
Grant of Composite License for limestone mines through a competitive e-auction process. The block is situated at village Kadaya, Taluka Maliya Hatina, District Junagadh of Gujarat State.
Order Value:
Not Specified in monetary terms. The size is defined by area and mineral reserve: 6.8797 Hectares with 5,67,337 Metric Tonne of Limestone Mineral Reserve.
Materiality Context:
Not Specified.
Execution Timeline:
The grant of the Letter of Intent (LOI) for the Composite License is subject to the submission of the Performance Security, as specified in the Tender Document, within 45 days of being declared as a Preferred Bidder.
Revenue Recognition / Billing Structure:
Not Specified.
Key Terms & Payment Milestones:
The significant term disclosed is the requirement to submit Performance Security within 45 days of being declared the Preferred Bidder.
Whether Related Party Transaction:
No.
Promoter Group Involvement:
No. The auction block was awarded by a government authority via a transparent competitive e-auction process.
Financial Implication:
Not Specified.